Bajaj Auto slips as buyback offer ends; Delta Corp rises after ban on F&O ends
Bajaj Autos buyback offer ended on Wednesday, and today is its record date. The issue size of the buyback offer was 4,000,000 (16.33 per cent of the total number of equity shares) worth Rs 40,000 crore. Delta Corp was added to the list of F&O ban early this month as the open interest of its F&O contracts reached 111.4 per cent.
Bajaj Auto slipped in morning deals on BSE on Thursday (February 29, 2024) on the day it traded ex. Delta Corp, on the other hand, traded higher as it is exiting the ban on futures and option (F&O).
The Bajaj Auto stock was trading lower by 2.05 per cent, or Rs 167.90, at Rs 8005.55 at 10:16 am on Thursday.
The stock fell to the day's low of 3 per cent at Rs 7928.40 on Thursday after closing the trade at Rs 8173.45 a day ago.
Bajaj Auto buyback offer
Bajaj Auto's buyback offer ended on Wednesday and today is its record date.
The issue size of the buyback offer was 4,000,000 (16.33 per cent of the total number of equity shares) worth Rs 40,000 crore. The buyback price was Rs 10000 per share.
Delta Corp F&O ban ends
Delta Corp was trading higher by 0.50 per cent, or Rs 0.70, at Rs 140.00.
Delta Corp was added to the list of F&O ban early this month as the open interest of its F&O contracts reached 111.4 per cent.
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